The end of Ease of Doing Business Rankings: Reasons and implications – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction On September 16, the World Bank Group scrapped its flagship publication, the ‘Doing Business’ report. This report publishes the influential annual ranking of countries on the Ease of Doing Business (EDB) index. The sudden announcement that the World Bank would end its most famous report, sent some shock waves through the business… Continue reading The end of Ease of Doing Business Rankings: Reasons and implications – Explained, pointwise

Holding TNCs accountable

What is the news?  As per the report published by the UN working group on ‘human rights, transnational corporations (TNCs) and other businesses’, it is important for states to ensure that their bilateral investment treaties (BITs) are compatible with international human rights obligations.  It emphasizes the accountability of TNCs in international law. Many a times questions about the TNCs accountability… Continue reading Holding TNCs accountable

World Bank discontinues Doing Business rankings

What is the News? The World Bank Group has recently decided to discontinue publication of its ‘Doing Business’ rankings. About the Doing Business Report Doing Business report measures regulations across the 190 economies in 12 business regulatory areas to assess the business environment in each economy. Read more: World Bank’s Doing Business Report What led to… Continue reading World Bank discontinues Doing Business rankings

PM calls on SCO to act against radicalization

What is the News? The annual summit of the Shanghai Cooperation Organisation(SCO) was held in Tajikistan’s capital city of Dushanbe. What are the key highlights of the summit? Dushanbe Declaration: At the summit, the countries adopted the Dushanbe Declaration. The declaration called for an inclusive government in Afghanistan, with representatives from all ethnic, religious, and… Continue reading PM calls on SCO to act against radicalization

UN faces $100-trn shortfall in fight against inequality

What is the news? The United Nations Sustainable Development Goals (UN SDGs) face a financing gap that has soared to up to US$100 trillion in the wake of COVID-19 and other urgent global challenges. These are the findings of a new report ‘The Capital as a Force for Good‘ by Force for Good in collaboration… Continue reading UN faces $100-trn shortfall in fight against inequality

US, UK, Australia form new partnership

What is the news? Recently a new Trilateral Security Partnership grouping has been formed between the US, UK and Australia (AUKUS) for the Indo-Pacific. The aim of the grouping is to advance the strategic interests, uphold the international order and promote peace and stability in the Indo-Pacific region. What will be the central feature of… Continue reading US, UK, Australia form new partnership

BRICS: 2021 vs 2013: About Taper Tantrum and Economy of BRICS nations

Synopsis: The BRICS is better equipped to handle financial turbulence. Now, the focus must be on growth. Introduction: For two years, the focus of the BRICS has largely been on the economic impact of Covid. The BRICS nations are also concerned about when the US Fed will begin to taper its asset purchases again. Read… Continue reading BRICS: 2021 vs 2013: About Taper Tantrum and Economy of BRICS nations

Can the Shanghai Cooperation Organisation be the regional body that stabilises Afghanistan?

Synopsis The crisis in Afghanistan presents a major opportunity for the SCO to realise its regional ambitions. Introduction The Shanghai Cooperation Organisation‘s (SCO) importance for Afghanistan seems self-evident if one can see its member and observer nations. Its founding leaders are the two great powers of the east — Russia and China. Its other initial… Continue reading Can the Shanghai Cooperation Organisation be the regional body that stabilises Afghanistan?

Prime Minister chairs 13th BRICS Summit

What is the news? Indian PM chaired the 13th BRICS Summit, which was held virtually. The Summit stressed the need to prevent Afghanistan from being used as a staging ground for terrorist attacks against other countries, as well as a sanctuary for terrorists. The BRICS nations also collectively adopted the “New Delhi Declaration“. The theme… Continue reading Prime Minister chairs 13th BRICS Summit

India’s presidency of the UNSC fortified our role in world affairs

Synopsis: With the month-long UNSC presidency, India showcased our role in world affairs. Introduction India has just concluded its presidency of the United Nations Security Council (UNSC) for August. India managed to achieve almost all of what we set out for, and also successfully handled the expected and unexpected challenges that came our way. Initiatives… Continue reading India’s presidency of the UNSC fortified our role in world affairs